The following report is from the Trends Journal:
Despite a boom in home remodeling, more than half of U.S. major metro areas lost construction jobs in 2020, the Associated General Contractors of America (AGCA) has reported.
Jobs were lost in 191 of 358 areas or 53%.
Houston, New York City, and Midland, TX lost the most; Indianapolis, northern Virginia, and Seattle added the most jobs in building.
Private non-residential construction declined 10% last year compared to 2019, and government-related building projects have been sliding since March, the AGCA noted.
The new year has begun no better for the building trades.
A dearth of new construction work is forcing more and more contractors to lay off workers once they complete projects started before the pandemic hit.
Ken Simonson. AGCA’s Chief Economist
The building trades lost a net 3,000 jobs in January, bringing the deficit to 256,000 fewer workers than a year ago, the AGCA’s latest report shows.
Home builders have regained all of the jobs lost last year; however, nonresidential construction – mostly commercial and government buildings and infrastructure projects – are still 259,000 jobs short of February 2020’s total.
The construction industry marked a 9.4-percent unemployment rate last month, the AGCA said.
The building trades lost a net 3,000 jobs in January, bringing the deficit to 256,000 fewer workers than a year ago, the AGCA’s latest report shows.
Home builders have regained all of the jobs lost last year; however, nonresidential construction – mostly commercial and government buildings and infrastructure projects – are still 259,000 jobs short of February 2020’s total.
The construction industry marked a 9.4-percent unemployment rate last month, the AGCA said.
TREND FORECAST: We maintain our forecast for continuing residential construction as long as interest rates remain low… and move lower, and the cheap government money continues to artificially prop up the economy. The commercial sector, however, will continue to decline.
AUTHOR COMMENTARY
As the Trends Journal has reported, because people are staying home more they are investing in home repairs and renovations. What we are seeing is a repeat of the events leading up to the Great Recession. Homeowners are using their homes as an ATM and refinancing their homes. House prices are continuing to rise. When the “everything bubble” in the markets pop, it will be an indescribable nightmare.
There are pockets of growth in some areas, and others they continue to suffer. When the markets finally start to correct and the economy goes apocalyptic, home repair and new construction will be the least of things on the masses minds. Pay attention to what unfolds in these avenues. If you are in this field, I suggest you learn and adapt to be flexible with the massive shakeup that is looming around the bend.
[10] And indeed ye do it toward all the brethren which are in all Macedonia: but we beseech you, brethren, that ye increase more and more; [11] And that ye study to be quiet, and to do your own business, and to work with your own hands, as we commanded you; [12] That ye may walk honestly toward them that are without, and that ye may have lack of nothing. 1 Thessalonians 4:10-12
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
I’ve read a few excellent stuff here. Certainly value bookmarking for revisiting. I surprise how a lot attempt you put to create one of these great informative web site.
I genuinely enjoy reading on this website , it has fantastic posts.
Wow! Thank you! I constantly needed to write on my blog something like that. Can I take a fragment of your post to my website?
Simply desire to say your article is as astonishing. The clarity in your post is just excellent and that i can suppose you are knowledgeable in this subject. Fine along with your permission let me to clutch your feed to keep up to date with drawing close post. Thanks one million and please continue the rewarding work.
Greetings! I’ve been following your weblog for a long time now and finally got the bravery to go ahead and give you a shout out from Atascocita Tx! Just wanted to say keep up the good job!
I think that is one of the most vital info for me. And i am glad reading your article. But should observation on few common issues, The web site taste is ideal, the articles is truly great : D. Excellent process, cheers
so much superb information on here, : D.
Excellent beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog web site? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept
I was reading some of your blog posts on this website and I believe this website is real informative ! Keep on posting.
Some truly good posts on this internet site, regards for contribution. “For today and its blessings, I owe the world an attitude of gratitude.” by Clarence E. Hodges.
Thanks for another informative web site. The place else may just I get that kind of info written in such a perfect way? I’ve a venture that I’m simply now working on, and I’ve been at the glance out for such information.
Hi! Someone in my Myspace group shared this site with us so I came to check it out. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Terrific blog and outstanding style and design.
Very interesting points you have remarked, thanks for putting up. “Death is Nature’s expert advice to get plenty of Life.” by Johann Wolfgang von Goethe.
Perfectly composed content material, Really enjoyed looking at.
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
Thank you for sharing superb informations. Your web site is so cool. I’m impressed by the details that you?¦ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a great web-site.
I got good info from your blog
I really like your writing style, good information, thanks for putting up :D. “Nothing sets a person so much out of the devil’s reach as humility.” by Johathan Edwards.
You are my intake, I own few blogs and often run out from to post .
I like this post, enjoyed this one regards for posting.
Good – I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task.
I’ve been surfing on-line greater than three hours lately, yet I never discovered any fascinating article like yours. It is lovely value sufficient for me. In my view, if all website owners and bloggers made excellent content as you did, the net shall be a lot more useful than ever before.
Great write-up, I am normal visitor of one¦s site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
Pretty! This was a really wonderful post. Thank you for your provided information.
You really make it appear so easy with your presentation but I find this matter to be really something which I feel I might by no means understand. It kind of feels too complex and extremely large for me. I’m taking a look ahead to your next put up, I will attempt to get the cling of it!
I used to be recommended this web site by my cousin. I am not positive whether this submit is written by way of him as no one else know such unique about my problem. You are amazing! Thank you!
I’m so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best doc.
Some really excellent info , Glad I detected this.
Hmm it appears like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to everything. Do you have any tips for newbie blog writers? I’d certainly appreciate it.
I like what you guys are up also. Such clever work and reporting! Carry on the superb works guys I¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my site 🙂
you may have an incredible blog here! would you like to make some invite posts on my weblog?
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Thank you for helping out, superb information. “Nobody can be exactly like me. Sometimes even I have trouble doing it.” by Tallulah Bankhead.
I conceive this internet site has very good written subject matter blog posts.
Hola! I’ve been following your blog for a long time now and finally got the courage to go ahead and give you a shout out from Huffman Texas! Just wanted to tell you keep up the great work!
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
My coder is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on various websites for about a year and am worried about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be greatly appreciated!
Lovely just what I was searching for.Thanks to the author for taking his clock time on this one.
It¦s actually a cool and useful piece of information. I¦m glad that you shared this helpful information with us. Please stay us informed like this. Thank you for sharing.
Someone necessarily assist to make severely posts I would state. This is the very first time I frequented your web page and up to now? I surprised with the research you made to create this actual post incredible. Fantastic job!
I have been checking out some of your stories and i can state pretty nice stuff. I will definitely bookmark your blog.
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again
Hello. magnificent job. I did not expect this. This is a impressive story. Thanks!
Hello There. I discovered your blog the usage of msn. That is an extremely well written article. I’ll be sure to bookmark it and come back to read more of your useful info. Thanks for the post. I will certainly comeback.
Great write-up, I am normal visitor of one¦s website, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.
I’d incessantly want to be update on new content on this site, bookmarked! .
There is perceptibly a bunch to realize about this. I suppose you made some good points in features also.
Excellent post. I used to be checking constantly this weblog and I am inspired! Extremely useful info specially the final section 🙂 I care for such info much. I was looking for this certain information for a very lengthy time. Thank you and best of luck.
hi!,I like your writing so so much! proportion we keep in touch extra about your post on AOL? I require an expert on this space to unravel my problem. May be that is you! Having a look forward to look you.
Lovely just what I was looking for.Thanks to the author for taking his clock time on this one.